SecurePutCalls – Options Trading Tools for Cash Secured Puts and Covered Calls
SecurePutCalls is the premier options trading platform built specifically for the Wheel Strategy — a systematic income approach that combines cash-secured puts and covered calls to generate consistent premium income on stocks you want to own. Unlike generic brokerage platforms, every tool on SecurePutCalls is purpose-built for wheel strategy traders who want data-driven decisions, not guesswork.
Our options screener scans hundreds of stocks and ETFs to surface the highest-ROI wheel strategy opportunities, filtering by delta, implied volatility, days to expiration, probability of profit, and annualized premium yield. The analyzer breaks down any contract with full Greeks breakdown, ROI calculations, and interactive payoff diagrams.
Connect your brokerage account — Tastytrade, TD Ameritrade, Robinhood, Webull, or Charles Schwab — to import positions automatically and track portfolio-wide performance. From beginner-friendly dashboards to advanced volatility surfaces and options flow scanning, SecurePutCalls gives every level of trader the institutional-grade edge needed to generate reliable income from the options market.
Frequently Asked Questions
What is a cash-secured put and how does it generate income?
A cash-secured put is an options strategy where you sell a put option while holding enough cash to buy the stock if assigned. You collect premium immediately for agreeing to potentially buy shares at the strike price. If the stock stays above the strike, you keep the premium as profit. If assigned, you acquire shares at an effective price below market value (strike minus premium received).
How is a covered call different from a cash-secured put?
A covered call is used when you already own shares and want to generate additional income. You sell a call option giving someone else the right to buy your shares at a specific price. You keep the premium regardless of outcome. If the stock rises above the strike, your shares are sold at that price plus you keep the premium. Both strategies generate income from options premiums but apply to different situations.
What is the wheel strategy and why is it popular?
The wheel strategy combines cash-secured puts and covered calls in a continuous cycle. You start by selling puts until assigned shares, then sell covered calls until shares are called away, and repeat. It's popular because it generates consistent premium income in various market conditions while potentially acquiring stocks at discounts and selling at premiums.
How does SecurePutCalls calculate ROI for options?
For cash-secured puts, ROI is calculated as the premium received divided by the capital required to secure the put (strike price times 100 shares). For covered calls, we factor in premium plus potential stock appreciation. We also calculate annualized ROI to compare trades across different time periods, showing what return you would achieve if the trade could be repeated over a full year.
What are options Greeks and why do they matter?
Options Greeks measure how option prices respond to various factors. Delta shows probability of expiring in-the-money and price sensitivity. Theta measures daily time decay—important since sellers profit from decay. Gamma shows how delta changes. Vega measures volatility sensitivity. Understanding Greeks helps you select appropriate strikes and manage position risk effectively.
Is SecurePutCalls suitable for beginners learning options?
Yes, SecurePutCalls is designed to be accessible for beginners while offering advanced features for experienced traders. We focus on cash-secured puts and covered calls—strategies recommended for options beginners due to their defined risk profiles. Our educational resources, intuitive interface, and clear data presentation help new traders understand these strategies without overwhelming complexity.
What stocks work best for the wheel strategy?
The best wheel candidates are quality companies you would be comfortable owning long-term. Look for stocks with adequate options liquidity (open interest), moderate implied volatility for decent premiums, and stable businesses with strong fundamentals. Avoid highly speculative stocks even if premiums look attractive—the risk of significant declines often outweighs the higher income potential.
How much capital do I need to start trading cash-secured puts?
The capital required depends on the stock price. Since each option contract represents 100 shares, you need to secure funds equal to strike price times 100. For a $50 stock with a $48 strike put, you would need $4,800 in cash. Many traders start with lower-priced stocks ($20-50 range) to build experience before moving to higher-priced securities.